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Monthly Estimate*
$ 12,006
Secure a premium footprint in downtown Harrisonburg at a compelling price-per-square-foot that sits well below current market averages. This professional office center is anchored by three established professional tenants, providing immediate stability. With over $100,000 in recent capital improvements and over and above service plans—including a partial new roof and two new HVAC units—the asset is in excellent, low-maintenance condition. The real value, however, lies in the significant rental upside; with all current leases at under $12.50/SF gross, this offers a prime opportunity to mark-to-market upon renewal and recapture expenses. Properties with parking in downtown do not come up often.
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124 NEWMAN AVE, Harrisonburg, VA, 22801 is a Commercial Property for sale at $1,950,000 with 14,922 sqft and a lot size of 0.33. 124 NEWMAN AVE was built in 1905. The property's zip code is 22801 which is in Harrisonburg, VA
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